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23-Oct-2023

Antimicrobial Susceptibility Testing Market Estimated to Grow Expeditiously : to Hit USD 4.73 Billion by 2030, Claims AMR

The global antimicrobial susceptibility testing market was valued at $3,040.00 million in 2020, and is estimated to reach $4,736.03 million by 2030, growing at a CAGR of 5.8% from 2021 to 2030.

In the realm of modern healthcare, the battle against antimicrobial resistance is one of the foremost challenges. Antimicrobial susceptibility testing (AST) plays a pivotal role in guiding effective antibiotic treatment, enabling clinicians to make informed decisions and improve patient outcomes. With the relentless evolution of technology and a growing understanding of microbial behavior, the field of AST has witnessed significant advancements, redefining the way infections are diagnosed and treated. This article aims to explore the recent technological breakthroughs and the concurrent market evolution in the domain of antimicrobial susceptibility testing, highlighting the transformative impact on healthcare practices and patient care.

 

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The Emergence of Rapid and Automated Testing Solutions:

Traditionally, AST has been a time-consuming process, requiring culturing of bacteria and subsequent exposure to various antibiotics to determine their efficacy. However, the emergence of rapid and automated testing solutions has revolutionized this landscape. Cutting-edge technologies such as molecular diagnostics, mass spectrometry, and microfluidic systems have significantly reduced the time required for testing, enabling healthcare providers to promptly administer targeted antibiotic therapies. These advancements have not only expedited patient care but also minimized the risk of prolonged exposure to ineffective antibiotics, thereby curbing the development of resistance.

Integration of Artificial Intelligence and Machine Learning:

The integration of artificial intelligence (AI) and machine learning (ML) algorithms has introduced a new dimension to AST. By analyzing vast sets of data, these systems can predict microbial susceptibility patterns, optimize treatment regimens, and even forecast the emergence of resistant strains. AI-driven platforms have facilitated the development of personalized treatment plans, taking into account patient-specific factors and local resistance profiles. This amalgamation of data-driven insights with clinical expertise has enhanced the efficacy of antimicrobial therapies while simultaneously promoting prudent antibiotic stewardship practices.

Advancements in Point-of-Care Testing:

The shift towards decentralized healthcare has propelled the development of point-of-care testing (POCT) devices for AST. These portable and user-friendly tools enable real-time analysis of microbial susceptibility at the patient’s bedside, expediting the initiation of targeted therapies and minimizing delays associated with laboratory-based testing. The convenience and speed offered by POCT devices have proven invaluable in critical care settings and resource-limited environments, fostering timely intervention and improved clinical outcomes.

 

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Market Evolution and Industry Collaborations:

The rapid progression of AST technologies has spurred a dynamic evolution within the market, with an influx of innovative players and a surge in research and development activities. Industry collaborations, mergers, and acquisitions have become increasingly prevalent, fostering cross-disciplinary partnerships to fuel the development of integrated AST solutions. Furthermore, the growing emphasis on value-based healthcare and the rising demand for precision medicine have propelled investments in AST, stimulating market growth and diversification of product portfolios.

Key Findings Of The Study

  • By product type, the manual segment was the highest contributor to the market in 2020.
  • On the basis of method type, the disk diffusion segment dominated the market in 2020
  • Depending on end user, the hospitals and diagnostic laboratories exhibited the highest growth in 2020, and is expected to continue this trend during the forecast period.
  • Region wise, North America garnered the largest revenue share in 2020, whereas Asia-Pacific is anticipated to grow at the highest CAGR during the forecast period.

 

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Key Benefits For Stakeholders

  • The study provides an in-depth analysis of the antimicrobial susceptibility testing market, and the current trends and future estimations to elucidate the imminent investment pockets.
  • It presents a quantitative analysis of the market from 2021 to 2030 to enable stakeholders to capitalize on the prevailing market opportunities.
  • Extensive analysis of the market based on procedures and services assists to understand the trends in the industry.
  • Key players and their strategies are thoroughly analyzed to understand the competitive outlook of the market.

Key Market Players 

  • Accelerate Diagnostics, Inc.
  • Becton, Dickinson and Company,
  • Biomerieux SA,
  • Bio-Rad Laboratories, Inc.,
  • Bruker,
  • Danaher Corporation (Beckman Coulter),
  • F. Hoffmann-La Roche AG,
  • HiMedia Laboratories,
  • Merck KGaA (MilliporeSigma),
  • Thermo Fisher Scientific

 

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About Us

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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Last Updated: 23-Oct-2023